China’s Taikang Life Buys 13.5% Share in Sotheby’s

July 30th, 2016

Taikang Life, one of China’s largest insurance companies, now owns a 13.5% stake in Sotheby’s, CNN reports.  The company is run by Chen Dongsheng, who is also the founder of China Guardian Auctions, the country’s first government-run auction house.  Taikang has not disclosed whether it will seek an active position in the company.

Read more at CNN